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On 01/01 (beginning of the year), a company had 2,000 units of inventory with a $4 cost per unit. During the year the company
On 01/01 (beginning of the year), a company had 2,000 units of inventory with a $4 cost per unit. During the year the company purchased a total of 8,300 units, as follows: on 03/09: 4,000 units at $7.30 cost per unit on 07/12: 3,000 units at $8.50 cost per unit on 11/22: 1,300 units at $10.40 cost per unit During the year, the company sold a total of 6,700 units, as follows: on 04/18: 3,200 units for $11.50 selling price per unit on 09/03: 2,500 units for $10.75 selling price per unit on 12/29: 1,000 units for $12.40 selling price per unit Assume a periodic inventory system & weighted-average costing. What is the total cost of ending inventory (Dec 31]? (Do not include any words or signs in your answer; enter number only) $ What is total sales revenue for the year? (Do not include any words or signs in your answer; enter number only) tA $
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